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20.12.24 - 22:33
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Source Energy Services Announces New Credit Facilities and the Redemption of its Senior Secured Notes (GlobeNewswire EN)
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CALGARY, Alberta, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Source Energy Services Ltd. (“Source” or the “Company”) (TSX: SHLE) is pleased to announce that it has completed a comprehensive refinancing of its credit facilities by entering into a new five year $135 million (USD) term loan (the “Term Loan”) with Silver Point Finance, LLC (“Silver Point”) and a new $40 million (CND) revolving asset-backed loan (“CIBC ABL”) facility with the Canadian Imperial Bank of Commerce (“CIBC”). Proceeds from the Term Loan will be used to redeem the outstanding 10.5% Senior Secured Notes due March 15, 2025 (the “Notes”) and repay the outstanding amounts drawn on the Company's current asset backed loan facility....
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26.07.24 - 01:03
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Source Energy Services Announces a Partnership with Trican Well Service Ltd. to Develop a Terminal in Taylor, BC (GlobeNewswire EN)
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CALGARY, Alberta, July 25, 2024 (GLOBE NEWSWIRE) -- (TSX:SHLE) Source Energy Services Ltd. (“Source”) is pleased to announce that it has entered into a partnership with Trican Well Service Ltd. (“Trican”) to construct a new terminal (the “Terminal”) in the District of Taylor, British Columbia. The Terminal will be unit train capable and will feature ~55,000 tonnes of storage and greater than 12,000 tonnes of daily throughput capacity making it one of the largest facilities in northeast British Columbia....
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